YaSheng Group (HERB)

[RealDutch]

I will answer this question in public.

With tomorrow (Sept. 15) being the record date defined in the latest 8-K filed, shouldn't we have seen something from FINRA by now? Is it safe to assume that we are hitting another delay here?

The answer is, no.

With dividends > 25% of the stock value, the ex-date will be one day after the pay-date. Instead of one day before the record date. We already knew that the dividend is worth more than $3M, so the ex-date will NOT be one day before the record date.

Which leaves the question, when, then, does FINRA usually announce the ex-date? Quite often they do this one day before the pay-date, which could be Sept 27, in our case. Not always. I was hoping that with the time given of some 2 weeks advanced notice, that FINRA would have announced the ex-date by now. But it is by no means a certainty. There is also the matter of determining whether the dividend is greater than 25%, and when to measure it. FINRA must be doing that close to the record date. So the decision to delay the ex-date could be rather fresh at this stage.

This does not mean that there couldn't be another problem with the dividend. But not because we haven't heard anything from FINRA yet. That was to be expected. The guessing game continues....